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Bank of Canada News

Bank of Canada Governor sees confidence in economy, growth

The Bank of Canada Governor says confidence in the economy is improving, and the country is near a "tipping point," that will soon bring closer to normal economic growth.
In the Media by Mike White - 1 comment

Both IMF and Bank of Canada lower growth predictions for Canada

Ottawa - Mark Carney, Governor of the Bank of Canada, lowered economic growth expectations for the first and second quarters in Canada. The IMF also predicted a lower growth rate as well.
In the Media by Ken Hanly - 2 comments

Canadian economy slips on dismal retail report

Ottawa - Early last year the Canadian government and the Conference Board of Canada forecast with loquacious swagger a strong performance for the 2012 Canadian economy - which was exactly wrong.
In the Media by Larry Clifton - 5 comments

Op-Ed: Canadians increase debt by six percent in fourth quarter of 2012

Ottawa - A report issued in December 2012 indicated that the overall debt of Canadians had increased by 164 percent. A report released by TransUnion says that the personal debt load, not including mortgages,increased by six percent in the fourth quarter of 2012.
In the Media by Karl Gotthardt - 2 comments

Mark Carney: Interest rate hike warnings being heard by Canadians Special

Toronto - Bank of Canada Governor Mark Carney delivered a speech to the Toronto CFA Society where he discussed guidance of central bank policies. Carney stressed the importance of transparency in monetary policy and the market’s response to the interest rates.
Digital Journal Report by Andrew Moran

Mark Carney steps down as head of Bank of Canada for England job

Ottawa - Bank of Canada Governor Mark Carney announced that he is stepping down as of July 1 after serving nearly five years. The central bank head, who has received accolades across the globe, will take the top job at the Bank of England.
In the Media by Andrew Moran - 2 comments

Canada's new $20 polymer bank note officially enters circulation

Ottawa - With a few days until Remembrance Day, the Bank of Canada announced the new $20 polymer bank note that goes into circulation Wednesday. The new bill honours the nation's military men and women and the back features the Canadian National Vimy Memorial.
In the Media by Andrew Moran - 4 comments

Bank of Canada head Mark Carney on list of top central bankers

Ottawa - A finance magazine has published a list of the world's top heads of central banks. This year's compilation includes six central bankers, who received "A" grades. Argentina's Mercedes Marcó del Pont and Ecuador's Pedro Delgado were last.
In the Media by Andrew Moran

Bank of Canada head issues apology for $100 bank note controversy

Ottawa - Bank of Canada Governor Mark Carney issued an apology for the decision to exclude a woman that appeared to be of Asian descent, according to focus group participants. Carney called the move a mistake and the design process would be reviewed.
In the Media by Andrew Moran - 9 comments

British PM considering Mark Carney as Bank of England governor

London - Bank of Canada head Mark Carney is being considered by British Prime Minister David Cameron as the new Bank of England governor. Most individuals tied to the British central bank have been tainted by the Libor scandal.
In the Media by Andrew Moran - 1 comment
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